As prices continue to flirt with key support points, people still need hubs to trade their cryptocurrencies. In this case, it seems that many exchanges are still doing just fine.
In two short weeks, ETHUSD was devalued by 50% of its market value. With little to no relief for the underwater bulls, ether seems to be accelerating downward as buyer confidence is lacking and showing signs of capitulation. The entire crypto market, as a whole, is showing signs of capitulation as many alts have seen similar devaluations in shorter periods of time than ETHUSD. Similar to many other coins, ether is penetrating long-held support with very little ease:
Of the 29 firms selected for cohort 4, about a dozen of these companies use distributed ledger technology; others offer services related to cryptocurrency assets.
"Based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions."
Coinbase announced its intention to add Ethereum Classic to its trading platform and then quickly followed with the official opening of their crypto index fund.